Inter & Co. Inc. (NASDAQ:INTR) Stock Jumps 6.8% – Time to Buy?

Shares of Inter & Co. Inc. (NASDAQ:INTR) rose 6.8% during trading on Tuesday. The stock traded as high as $6.99 and last traded at $7.0050. 4,192,553 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 4,748,810 shares. The stock had previously closed at $6.56.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTR. UBS Group decreased their target price on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings cut Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.16.

Inter & Co. Inc. Stock Performance

The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.28 and a beta of 0.94. The firm has a fifty day simple moving average of $5.47 and a 200 day simple moving average of $6.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $475.45 million for the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. On average, analysts anticipate that Inter & Co. Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors have recently bought and sold shares of the company. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in Inter & Co. Inc. in the 2nd quarter valued at $13,267,000. Wellington Management Group LLP lifted its stake in shares of Inter & Co. Inc. by 16.2% in the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after buying an additional 904,682 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Inter & Co. Inc. during the first quarter worth about $1,849,000. Bank of America Corp DE boosted its position in Inter & Co. Inc. by 84.3% during the first quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after acquiring an additional 680,958 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its stake in Inter & Co. Inc. by 1,059.2% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after acquiring an additional 3,676,696 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.